ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 107,911 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 107,911 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $2.10, for a total transaction of $226,613.10. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at $527,007.60. This trade represents a 30.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Patricia Nakache also recently made the following trade(s):

• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total transaction of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total transaction of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Stock Up 2.4 %

Shares of ThredUp stock opened at $2.15 on Wednesday. The stock has a market capitalization of $244.58 million, a price-to-earnings ratio of -3.36 and a beta of 1.66. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.45. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $1.65 and its 200-day simple moving average is $1.23.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after buying an additional 15,850 shares during the period. Sei Investments Co. acquired a new stake in ThredUp in the second quarter worth $37,000. Cubist Systematic Strategies LLC acquired a new stake in ThredUp in the second quarter worth $43,000. Creekside Partners acquired a new stake in ThredUp in the second quarter worth $51,000. Finally, Barclays PLC increased its position in ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after buying an additional 76,553 shares during the period. 89.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a research report on Tuesday, January 14th. Telsey Advisory Group lifted their price objective on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th.

About ThredUp

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.